* Check out the
January “issue” of THE TAX PROFESSIONAL – the last word from TTP until after
the tax filing season.
And fellow tax pros,
PLEASE send me your comments on my editorials.
* Did you see this
week’s post at BOB’S BABBLINGS?
* MainStreet.com
continues with my filing season Tax Tips –
* Looking for a tax
professional to prepare your 2014 returns? Start your search at FIND A TAX PROFESSIONAL.
* Words of wisdom
from Trish McIntire in “Waiting Game” at OUR TAXING TIMES -
“So no, I can’t use your last paystub to file
your return. First, it’s illegal. Secondly, the paystub may not have all the
info I need. Nor can I do a return based on your insistence that everything is
the same as last year. Believe me, it never is. I need this year’s numbers.”
* Jason Dinesen
talks about “Ridiculous IRS Situations I’ve Recently Dealt With” at DINESEN TAX
TIMES.
Considering the IRS
budget cuts it doesn’t look like things will b getting any better soon.
I expect the
multiple “45 days” letters that we all get before the Service fixes its FUs
will become “60 days”.
I, too, have
noticed post-dated letters from the IRS.
However one thing
can be sad for the IRS. As Jason tells
us (highlight is mine)–
“Finally a few weeks ago, the IRS sent a
letter saying they found the payment, it had accidentally been misapplied in
their system, and apologizing for any
inconvenience.”
This is not unusual
– but those who deal with the NJ Division of Taxation know that receiving an
apology from the Division is a true rarity.
* It looks like
what I feared will probably happen. INC
reports “Treasury Secretary to Congress: Focus on Business Taxes, Not Income Taxes” –
“Treasury Secretary Jacob Lew dismissed
efforts in Congress to overhaul the nation's tax laws by lowering the top
income tax rate paid by individuals, saying lawmakers should instead focus on
simplifying taxes paid by businesses.”
I had given up on
any substantive individual income tax reform happening during the remaining
years of the BO presidency anyway.
* Jean Murray
thinks “Using Cash to Pay Employees and Independent Contractors” is not a good
idea, and explains why at ABOUT.COM.
* As tax filing
season is almost here (it begins on February 1st), Robert W Wood
reminds us of “10 Crazy Sounding Tax Deductions IRS Says Are Legit” at
FORBES.COM. Actually in most cases it
was the Tax Court who said the deductions were legit.
* RWW’s fellow
FORBES.COM tax blogger Kelly Phillips Erb (aka Taxgirl) reports that you can now “Track Tax Refunds, Obtain Tax Transcripts This Filing Season With Free IRS App”.
* My discussions on
BO’s SOTU tax proposals are referenced in ACCOUNTING TODAY’s weekly BUZZ-like “In
the Blogs” series post titled “Fail, Caesar”.
TTFN
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